Chapter 49 Retreat is Advance
"So your so-called cooperation, is it to speculate on the AOL Time Warner stock price and then cash out at a high price?" Steve Keys asked rhetorically, looking at Carl Icahn.
What he said was Carl Icahn's usual trick of sniping at companies, Carl Icahn smiled slightly, shook his head and said: "Of course not, AOL Time Warner is not an ordinary company, how can the stock price of such a behemoth simply pull up and sell?"
"Oh, is it?" Steve Keys looked at the expressionless Carl Icahn, feeling unable to open a breakthrough from the old fox, so he turned to Sid again.
But Sid also put on a smiling expression, like a little fox who has been calculating himself.
Seeing that the two of them looked like they were all in good shape, Steve Keys couldn't help but secretly spit a treacherous sentence in his heart, and just when he didn't know how to speak, Sid spoke again: "As the so-called precaution and prevention, under normal circumstances, it is indeed difficult for a situation like Steve, to turn around, but it is not completely impossible." β
Sid didn't sell it anymore, "The only way now is - spin up." β
"Spin-off!?" Steve Keys immediately understood what Sid and Carl Icahn were planning, and his face turned cold, "You guys want to break up AOL Time Warner!? Don't dream, you greedy bastards!"
"Don't get so excited, Steve. Sid said with a smile on his face, laughing so hard that Steve Keys wanted to punch him in the face, but Sid's next words made him stop.
"It's not that we want to spin off AOL Time Warner, it's that your shareholders want to spin off AOL Time Warner. Sid's words immediately sent Steve Keys to a strong sense of crisis.
His mind cleared up instantly, and he turned to look at Carl Icahn, who had not said anything before.
I saw that the corners of the other party's mouth were slightly upturned at this time, and his eyes were blazing, and under the reflection of the indoor lights, it seemed to radiate rising light, like a hunting hungry wolf.
"You've acquired AOL Time Warner stock!" Steve Case's tone was affirmative, although it was a question.
Carl Icahn smiled and nodded, "Not bad." β
"How much?"
Although he didn't need an answer, Carl Icahn grinned, "It just reached 1% today." β
Steve Keys couldn't help but gasp, although 1% may not seem like much, but for a large listed company, 3% of the majority shareholders are enough to unilaterally call a shareholders' meeting.
When Carl Icahn acquired Universal Airlines, he only held 1.3% of the shares and successfully acquired it, and now the other party has quietly taken 1% of the shares of AOL Time Warner, which can't help but make Steve Keys vigilant.
"Steve, don't be so nervous, I've said it many times, we're going to talk to you about a win-win cooperation today, why don't you believe it?" said Sid with a "very hurt" smile.
Then Sid saw that the other party still hadn't let down his guard, and couldn't help but sigh slightly and said: "Actually, splitting up AOL Time Warner is beneficial to you, me, and Carl. β
Seeing Steve Keys's obviously disbelieving expression, Sid immediately explained: "As far as you are concerned, while you can still control AOL now, can't you split the part of AOL, and even some departments of Time Warner, to leave a way back for yourself?"
"You think so much about me, is it a day to help others?" Steve Keys was still a little wary, but Sid's words did move him.
Rather than fighting for power and profit with Time Warner's executives now, it is better to leave a way out for himself and AOL executives while he is still the chairman.
But he didn't believe that Sid and Carl Icahn were so kind enough to give him gratuitous services.
"Of course, we want to spin off other businesses and divisions as well as you spin off AOL Time Warner, and Carl and I will naturally benefit from that. β
In fact, what Sid and they are talking about now already has some implications of conspiring with Fifa to play a side game, but Steve Keys knows that even if he goes out and tells the story of today's matter, the other two will not admit it.
BesidesβSteve Keys shook his head, "I'm sorry, I'm still the chairman of AOL Time Warner, and it's impossible to conspire with you to harm the interests of my company, otherwise when the time comes, neither I nor you will have to eat and walk around." β
"Ell, if Steve, if you're so disgusted, then I can only say it's a pity. Sid shrugged, expressed his regret insincerely, and then picked up his black tea.
"You have black tea at the party?" Carl Icahn looked at Sid speechlessly.
"My life is my way. Sid said with a smile.
And Steve Keys couldn't help but leave first after continuing to talk a few words.
But before he left, Sid said unhurriedly: "As the saying goes, the people will see the hearts of the people for a long time, and the road knows the horsepower, Steve, you don't have to be so excited now, go back and think about it, my proposal and Carl's proposal will still be effective for a while." β
Seeing Keith leave angrily, Carl Icahn, known as the wolf of Wall Street, looked curiously at Sid, who was slowly mixing his Ceylon black tea, "Are you so sure that Steve Keys will take the bait?"
Sid raised his head, his eyes blazing, and said indifferently, "No, I'm not sure. β
Carl Icahn couldn't help but raise his eyebrows: "Ohββ, then you are really the calmest, most urbanized young man I have ever met." β
Sid smiled faintly: "I just know that if you want to catch big fish, then you must be patient and hold on." After all, as Soros said, the wealth you can carry is the weight your soul can bear. But I think you, who graduated from Princeton's philosophy department, don't need me to tell you this. β
Sid's precociousness and wisdom against his age couldn't help but surprise Carl Icahn in his heart, although the main purpose of the day was not achieved, but he was full of interest to communicate with Sid about business and financial matters.
Eventually, Carl Icahn even asked Sid if he was interested in taking the Fire Lion Group public.
Sid smiled and shook his head: "Brother Koch is not in a hurry, I have nothing to worry about." β
Koch Industries, a subsidiary of the Koch brothers, is the second-largest private company in North America, with an estimated family net worth of more than $89 billion, making it a representative of North American private entrepreneurs.
Hearing Sid move out of the Koch brothers, Carl Icahn had no choice but to leave the party "in disgrace".